Thu, 26 Mar 2015 11:39:28
DGAP-Ad-hoc: Nemetschek Group proposes considerably higher dividend and plans stock split
Nemetschek AG / Key word(s): Dividend/Corporate Action
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc notification as per § 15 German Securities Trading Act (WpHG)
Nemetschek Group proposes considerably higher dividend and plans stock
- Dividend increases by approximately 23% to EUR 1.60 per share
- Total of dividends to be distributed rises to EUR 15.4 million
- Stock split ratio 1:4
Munich, March 26, 2015 - At its meeting today, the supervisory board of
Nemetschek AG (ISIN 0006452907) approved the dividend proposed by the
executive board. The considerable dividend increase to EUR 1.60 per share
is in keeping with the very positive business development in 2014.
Executive and supervisory boards will submit the dividend proposal to the
annual general meeting for resolution on May 20, 2015. Thus, compared to
the previous year (EUR 1.30 per share), the dividend will increase by
approximately 23%. With 9,625 million shares entitled to a dividend, the
total amount of dividends to be distributed should increase to EUR 15.4
million (previous year: EUR 12.5 million). The dividend payout ratio for
the 2014 fiscal year is therefore approximately 35% - in relation to the
operative cash flow amounting to EUR 44.2 million.
Furthermore, the executive and supervisory boards will propose a stock
split at a ratio of 1:4 to the annual general meeting. Every shareholder is
to receive three additional shares for every Nemetschek share held at no
further charge. The price of the Nemetschek share has almost tripled in the
past two years and is currently quoted at about EUR 120. Given that the
overall value remains the same, the estimated price level per share for the
shareholders will be divided by four. The planned stock split is to promote
Nemetschek share trading and make the share even more attractive to
investors. As a result of the split, the share capital of Nemetschek AG
would quadruple from the present 9,625,000 to 38,500,000.
As announced, the Nemetschek Group will publish the 2014 annual report on
March 31, 2015.
For further information on the company, please contact
+49 89 92793 1229
26.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Company: Nemetschek AG
Phone: +49 (0)89 92 793-0
Fax: +49 (0)89 927 93-5200
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
End of Announcement DGAP News-Service